New Frontiers

Analysis

New Frontiers is a registered charity in United States, based in Dowelltown, TN. It received its IRS tax-exemption ruling in July 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Frontiers reported income of $812k and spending of $828k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $690k to $812k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Frontiers sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include William Holmes McGuffey School Foundation ($812k), Community Educational Broadcasting Inc ($812k) and Rescuecalifornia Education Foundation ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 34% of the total. Other salaries and wages came to $417k. At year end it held assets of $1.5m against liabilities of $233k, net assets of $1.3m. It reported 36 employees.